Malaysia’s Leading Index (LI) in December 2021 remained in an upward growth trend at 2.1 per cent, reaching 111.5 points over the same month of the previous year (December 2020: 109.2 points), Department Of Statistics Malaysia (DOSM)
It said that the growth was primarily supported by a sturdy gain in the Number of Housing Units Approved. In comparison to the previous month, the LI eased to 0.3 per cent in December 2021 (November 2021: 1.6%).
DOSM said that the increase was highly contributed by Real Imports of Semi-Conductors (0.7%) and Number of New Companies Registered (0.5%). “The LI in December 2021 which is continuously above 100.0 points and rising indicates a more sanguine momentum on the economic outlook in the months ahead,” it said.
It said that the despite the surge of COVID-19 cases, Malaysia optimises its healthcare resources to curb the spread of Omicron variant, rather than reimplementation of economic or social sanctions.
DOSM Said that the Coincident Index (CI) performance, year-on-year growth increased by 2.2 per cent to register 113.9 points in December 2021 (December 2020: 111.4 points).
It said that The CI which depicts the current state of the economy decreased to a monthly change of negative 0.3 per cent in December 2021 (November 2021: 0.9%). The decrease in CI was mainly influenced by the decline of 0.4 per cent in Capacity Utilisation in Manufacturing sector.
